Kisan Mouldings Ltd - Stock Valuation and Financial Performance

BSE: 530145 | NSE: | Plastic Products | Small Cap

Kisan Mouldings Share Price

60.54 1.18 1.99%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Kisan Mouldings

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Kisan Mouldings stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
201 Cr.
52-wk low:
6
52-wk high:
59.4

Is Kisan Mouldings Ltd an attractive stock to invest in?

1. Is Kisan Mouldings Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Kisan Mouldings Ltd is a average quality company.

2. Is Kisan Mouldings Ltd undervalued or overvalued?

The key valuation ratios of Kisan Mouldings Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Kisan Mouldings Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Kisan Mouldings Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Kisan Mouldings:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Kisan Mouldings Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 8.5%-3%3.7%8%6.8%3.7%-7.2%-8.6%-24.7%-17.6%-
Value Creation
Index
-0.4-1.2-0.7-0.4-0.5-0.7-1.5-1.6NANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 536449464435474490248210307273291
Sales YoY Gr.--16.3%3.4%-6.2%8.8%3.5%-49.5%-15.2%46.4%-11.1%-
Adj EPS 0.6-18.1-7.7-0.6-0.1-2.6-13.7-13.9-25.1-16.1-12.2
YoY Gr.--3171.2%NANANANANANANANA-
BVPS (₹) 47.429.220.539.851.448.536.222.2-2.8-18.8-28.2
Adj Net
Profit
1.2-36.8-15.6-1.8-0.2-8.8-46.5-47-85.1-54.4-41
Cash Flow from Ops. 45.433.849.237.46.844.925.15.432.512.4-
Debt/CF from Ops. 5.16.94.86.231.84.67.141.87.119.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -7.2%-10.4%3.3%-11.1%
Adj EPS -244.4%NANANA
BVPS-190.2%-181.8%-180.4%NA
Share Price 14.6% 4.9% 54.4% 845.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
1.2-47.3-30.8-2.3-0.2-5.2-32.4-47.5-259.6148.652
Op. Profit
Mgn %
9.53.468.18.76.3-8.2-4.3-16.3-7.9-4.2
Net Profit
Mgn %
0.2-8.2-3.4-0.4-0.1-1.8-18.8-22.4-27.7-19.9-14.2
Debt to
Equity
2.43.95.621.21.31.53-24-3.8-
Working Cap
Days
18921320522926428449949626922894
Cash Conv.
Cycle
120166150131137140217263161120-134

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 52.00%

Sales growth has been subdued in last 3 years 3.31%

Sales growth is not so good in last 4 quarters at 2.59%

Latest Financials - Kisan Mouldings Ltd.

Standalone Consolidated
TTM EPS (₹) -12.2 -12.2
TTM Sales (₹ Cr.) 291 291
BVPS (₹.) -28.2 -28.1
Reserves (₹ Cr.) -129 -129
P/BV -2.11 -2.11
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 6.00 / 59.36
All Time Low / High (₹) 1.55 / 235.50
Market Cap (₹ Cr.) 201
Equity (₹ Cr.) 33.9
Face Value (₹) 10
Industry PE 35.2

Management X-Ray of Kisan Mouldings:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *94.3894.3894.3894.3894.3894.3894.3894.3894.3894.38
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Kisan Mouldings

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales536449464435474490248210307273
Operating Expenses 486434437400433461268219357295
Manufacturing Costs47534949495235323335
Material Costs376327330300330353194159298236
Employee Cost 25192115191912101210
Other Costs 37343736343727191514
Operating Profit 511528354130-21-9-50-22
Operating Profit Margin (%) 9.4%3.3%6.0%8.1%8.7%6.0%-8.3%-4.4%-16.3%-7.9%
Other Income 4242517242
Interest 38403738363332303027
Depreciation 151415121414121198
Exceptional Items 1-100000000
Profit Before Tax 3-38-20-13-4-16-57-48-85-54
Tax 10-4-12-4-6-15-100
Profit After Tax 2-38-15-10-10-42-47-85-54
PAT Margin (%) 0.4%-8.4%-3.3%-0.2%0.0%-2.0%-17.0%-22.4%-27.7%-19.9%
Adjusted EPS (₹)1.2-18.6-7.5-0.30.0-2.9-12.4-13.9-25.1-16.1
Dividend Payout Ratio (%)44%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 96594211517416412375-10-64
Share Capital 20202029343434343434
Reserves 763921861401308941-43-98
Minority Interest0000000000
Debt210225227210198190168192186198
Long Term Debt61105112957764351633
Short Term Debt148120114115121126133177183196
Trade Payables847010297152133121645654
Others Liabilities 66616868545130596969
Total Liabilities 456415438490578539441391301258

Fixed Assets

Gross Block229230235185196192165166166167
Accumulated Depreciation9510611712263938495765
Net Fixed Assets134124117173171153126117109102
CWIP 3340000000
Investments 0000000000
Inventories1461561411471971811651578968
Trade Receivables1339713211815314692727058
Cash Equivalents 1611141215159952
Others Assets24243040434448362928
Total Assets 456415438490578539441391301258

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 453449377452553212
PBT 3-38-20-13-4-16-56-48-85-54
Adjustment 51555152474838423736
Changes in Working Capital -91718-1-361343118030
Tax Paid 0000000000
Cash Flow From Investing Activity -5-4-11-18-11-5256-10
Capex -7-5-11-17-10-5220-1-2
Net Investments 1000000000
Others 111-1-103502
Cash Flow From Financing Activity -38-35-36-236-40-53-5-37-14
Net Proceeds from Shares 000325900000
Net Proceeds from Borrowing 000-23-18-13-29-19-130
Interest Paid -38-40-37-38-36-33-32-30-30-27
Dividend Paid 0100000000
Others 042606844614
Net Cash Flow 2-53-420-36-5-1
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)2.36-48.58-30.3-1.240.08-5.75-29.35-47.66N/AN/A
ROCE (%)12.710.576.168.048.764.43-7.44-5.87N/AN/A
Asset Turnover Ratio1.281.141.211.050.90.880.510.50.890.98
PAT to CFO Conversion(x)22.5N/AN/AN/AINFN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days798481941021111751428485
Inventory Days94111105108130141255280146105
Payable Days664047921381472392137485

Kisan Mouldings Ltd Stock News

Kisan Mouldings Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Kisan Mouldings on 28-Mar-2024 16:01 is ₹60.54.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Kisan Mouldings stood at ₹201.0.
The latest P/E ratio of Kisan Mouldings as of 28-Mar-2024 16:01 is 0.00.
The latest P/B ratio of Kisan Mouldings as of 28-Mar-2024 16:01 is -2.11.
The 52-week high of Kisan Mouldings is ₹59.36 and the 52-week low is ₹6.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kisan Mouldings is ₹290.9 ( Cr.) .

About Kisan Mouldings Ltd

Kisan Mouldings Limited (KML), a Kisan Group company was originally incorporated on November 20, 1989 as a private limited company under the name and style of Sanwaria Synthetics Private Limited. Subsequently the company was converted into Public Limited Company by passing special resolution dated July 20, 1993. The name of the company was changed to Kisan Mouldings Limited on November 24, 1993 and a fresh Certificate of Incorporation consequent on change of name was obtained.

Kisan Group since its inception in 1982 has grown into a multi-location company from single unit, single product company. Today the company is manufacturing a wide range of semi-urban products like PVC Pipes & Fittings, SWR Pipes & Fittings (Soil-Waste & rainwater), Blue Threaded Pipes & Fittings for Plumbing & Sanitary applications, PVC Casing Pipes, Submersible rising main Pipes & ABS/PP Moulded Flushing Cisterns under the brand 'KisaN'.

Recently the group has diversified into the manufacturing of Plastic Molded Furnitures, Household wares & Custom Moulding articles & has launched the moulded furniture in the Indian market under the brand 'crest'. The present range includes Moulded Chairs, Stools etc. with further range of lifestyle products to be added to it in the future.

The manufacturing units of the group are located at Roha & Tarapur in Maharashtra, Pithampur in M.P. & Silvassa (U.T.) & the company has branch offices in Indore, Jaipur, Bungalore, Ahemadabad, Delhi & Calcutta with Head Office in Mumbai.

Excellent & wide dealer network throughout the country gives another edge to the company to deal with logistics issues. The KisaN brand enjoys enviable reputation in the market having over 1600 dealers spread through out the country. Over 30% of the dealers from the network are exclusive to it.

KML is mainly into manufacturing of PVC O’ring (SWR Pipes) and Fittings, Moulded Furniture, Solvent chemicals and Rubber lubricant. The company has set up the manufacturing facility for PVC pipes/fittings at Tarapur in Maharshtra and ventured into moulded furniture business by acquiring closely held company having manufacturing facility in Silvassa in CY 2005. The company has also an agreement (which is due for renewal in April 2009) with Symphony Comfort Systems Ltd (Symphony) for complete manufacturing of air coolers as per the design engineering of Symphony. KML’s present capacity of Pipes & fittings is 14350 MTPA and of Moulded furniture is 9880 MTPA.

Product range of the company includes:

Building and construction:

  • UPVC SWR Pipes & Fittings
  • Moulded agriculture Fittings
  • UPVC conduit pipes and fittings
  • Kisan Barish Rainwater Harvesting system
  • PE-AL-PE composite pipes and fittings
  • CisternsCisterns
  • Toilet Seat Covers PVC Ball Valves & Foot Valves

Water management and irrigation:

  • uPVC Pipes
  • HDPE Pipes
  • PPR Pipes & Fittings
  • Drip Irrigation System
  • Sprinkler System

Furnitures :

  • Chairs
  • Baby Chairs
  • Relax Chairs
  • Multi Purpose Trolleys
  • Center Table
  • Storage Drums
  • Dining Table
  • Stools

Achievements/ recognition:

  • Kisan has standardized product in line with Bureau of Indian Standards that controls the quality as per the standards which are prepared in line with ISO.
  • Kisan is adopting the different standards for different varieties of products. BIS & other institutions have granted licenses accordingly.
  • The company is approved by DOT for RIGID PIPE as CABLE DUCT.
  • The company is registered with D.G.S. & D for PVC Pipes as per IS-4985
  • The company is approved by Mumbai Municipal Corporation for SWR Pipes & Fittings for installation in high rise buildings & upcoming projects.
  • UPVC CASING PIPES as per IS 12818 Equivalent to DIN 4925 Part 1 to 3 under the BIS License No. CM-L 7169984.
  • PE PIPES for Sprinkler Irrigation System as per IS-14151 under the BIS License No. CM-L-7169580.
  • HDPE PIPES for Water Supply as per IS-4984 under the BIS License No. CM-L-7198587.
  • UPVC Pipes for water supplies as per IS-4985 under the BIS License No. CM-L-1536147.
  • Blue Plumbing Pipes Threaded as per ASTM D1785 upto 8' inch, specially developed PVC Pipes for submersible Pumps.
  • Injection Moulded PVC Socket Fittings with solvent cement Joints for water supplies as per IS - 7834 under the BIS License No. CM-L 7007049.
  • UPVC PIPES for SWR System inside building including ventilation & Rain water system as per IS-13592 under the BIS License No. CM-L 7143764.
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